In a post on X, the Finance Ministry said UPI continues to be free for consumers, with no charges on person-to-person transfers and merchant payments below Rs 2,000.
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Mumbai: Higher-than-expected inflows through the FCNR(B) window will heighten liquidity issues and lead the Reserve Bank to deploy more tools to absorb the excess money, economists said on Thursday.In comments that come a day after the RBI announced that banks
New Delhi: India and Canada held their annual Foreign Office Consultations (FOC) at Hyderabad House on Wednesday, reaffirming their commitment to concluding a Comprehensive Economic Partnership Agreement (CEPA) by the end of the year.According to the Ministry
India's banking system attracted over $136 billion through a special Reserve Bank of India swap facility. Foreign currency non-resident deposits accounted for the largest portion of these substantial inflows
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As the toll in Nepal s flash flood has crossed 1,000, rescuers are racing to reach workers possibly trapped inside tunnels at hydropower projects. Among nearly 4,000 people missing after the deadly deluge, 900 are hydropower workers believed to be trapped in 1
India will continue taking necessary measures to counter terrorism. The Ministry of External Affairs rejected Pakistan's claims regarding the Shahzad Bhatti terror network
Chennai, To cash in on the RBI's concessional swap window, Indian Bank plans to raise $400 million through External Commercial Borrowings (ECB) this week to support its business growth.In addition, the public sector lender may mop up another $600 million via E
The Reserve Bank of India (RBI) has proposed a comprehensive new framework governing interest rates on loans and advances, with tighter rules on floating-rate loans, greater transparency in pricing and safeguards for borrowers. The draft Reserve Bank of India
India's Ministry of External Affairs reaffirmed Arunachal Pradesh's status as an integral part of India. This statement counters China's repeated efforts to assign Chinese names to places within the state
The telecom operator Vodafone Idea is in the process of raising capital from a mix of public sector and private lenders, showcasing significant advancement in its funding strategy. They have successfully closed the initial tranche amounting to Rs 6,400 crore